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Hyundai GLOVIS Co., Ltd.

Company Background

Hyundai Glovis of South Korea was established in 2001 under the name Hankook Logitech to offer logistic services for its founders, Hyundai Motor and Kia Motors.

Hyundai Motor used to farm out logistics operations to Hyundai Merchant Marine, a member of the Hyundai group, but shifted to Hankook upon gaining independence from the group under the leadership of Chung Mong-koo. In 2003, Hankook changed its name to Hyundai Glovis, a portmanteau of the words "global" and "vision."

Chung Eui-sun, the only son of Chung Mong-koo, chairman and group owner-manager of Hyundai Motor, is the biggest shareholder in Hyundai Glovis. Hyundai Motor and Chung Mong-koo are also major shareholders in the logistics company. Chung Eui-sun, who is expected to succeed his father as head of the Hyundai Motor group, is vice chairman of Hyundai Motor.

In addition to offering logistics services for finished Hyundai cars, Hyundai Glovis also ships parts to the automaker's overseas plants. It has business outlets in the U.S. as well as in countries in Europe and Asia in which it has plants for finished vehicles. Stable orders from Hyundai Motor group have enabled the logistics unit to grow in step with the carmaker's expanding global vehicle sales.

Hyundai Glovis also auctions and exports used cars to Russia and other markets, in addition to selling them in South Korea.

The company is increasingly handling nonautomotive goods. In 2015, it won a $500 million order from a state-run Qatari company to transport 50 million tons of aggregates from the United Arab Emirates to Qatar over five years starting in 2016.

Business Summary

Hyundai GLOVIS Co., Ltd. engages in the freight transport brokerage, agency and other supporting transport services. It operates through the following business areas: Logistics, Shipping and Complete Knock down (CKD), Used Car and New Growth. The Logistics business provides international, domestics and military logistics, logistics consulting services. The Shipping business offers overseas shipment for finished vehicles and bulk export and import. The CKD business provides CKD distribution and packing. The Used Car business offers auction house and wholesale. The New Growth business offers distribution of recycled resources for automobiles, resource development and distribution, product trading. The company was founded on February 22, 2001 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2021 KRWUSD
Gross Profit1,465.49B1,279.72M
Operating income1,129.24B986.10M
Income before tax964,360.29M842.11M
Net income782,897.00M683.65M
Diluted EPS20,877.2518.23
Dividends Per Share3,8003.31
Total Assets12,170.92B10,238.42M
Total liabilities6,358.51B5,348.90M
Total equity5,802.45B4,881.13M
Operating cash flow1,105.51B965.38M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 16,358.28B 16,865.56B 18,270.05B 16,519.88B 21,779.58B
Gross Profit 1,120.66B 1,140.42B 1,350.29B 1,272.83B 1,465.49B
Operating income 725,726.32M 710,340.32M 874,836.04M 659,648.38M 1,129.24B
Income before tax 889,341.08M 626,313.33M 685,591.43M 736,961.49M 964,360.29M
Net income 680,499.17M 437,371.42M 502,322.56M 606,201.14M 782,897.00M
EBITDA 892,391.11M 892,273.64M 1,206.17B 1,031.76B 1,548.30B
Diluted EPS 18,147 11,663 13,395.26 16,165.36 20,877.25
Dividends Per Share 3,000 3,300 3,500 3,500 3,800
Total Assets 8,185.66B 8,687.84B 10,129.73B 10,898.70B 12,170.92B
Total liabilities 4,196.14B 4,427.67B 5,459.45B 5,832.33B 6,358.51B
Total equity 3,989.28B 4,260.16B 4,670.28B 5,065.44B 5,802.45B
Operating cash flow 606,533.43M 489,663.97M 740,967.23M 976,882.80M 1,105.51B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 14,469.82M 15,325.11M 15,666.52M 14,001.23M 19,018.82M
Gross Profit 991.29M 1,036.26M 1,157.87M 1,078.77M 1,279.72M
Operating income 641.94M 645.45M 750.16M 559.07M 986.10M
Income before tax 786.67M 569.10M 587.89M 624.60M 842.11M
Net income 601.93M 397.42M 430.74M 513.77M 683.65M
EBITDA 789.37M 810.77M 1,034.29M 874.45M 1,352.04M
Diluted EPS 16.05 10.59 11.48 13.70 18.23
Dividends Per Share 2.65 2.99 3.00 2.96 3.31
Total Assets 7,646.22M 7,786.20M 8,759.33M 10,032.86M 10,238.42M
Total liabilities 3,919.61M 3,968.16M 4,720.87M 5,368.99M 5,348.90M
Total equity 3,726.39M 3,818.04M 4,038.46M 4,663.02M 4,881.13M
Operating cash flow 536.51M 444.93M 635.37M 827.94M 965.38M

Valuation Measures

Dec 2021
Operating margin5.18%
Profit margin3.59%

Key executives

  • President, Chief Executive Officer & Director: Jung-Hoon Kim
  • Managing Director & Head-Financial Management: Ik-Hyeok Song
  • Managing Director & Head-IT promotion: Seong-Sik Bae
  • Head-Compliance Support: Wan-Sang Woo
  • Director & Vice President: Young-Seon Kim


  • CHUNG EUI-SUN (20%)
  • National Pension Service of Korea (10.0%)
  • Project Guardian Holdings Ltd. (10%)
  • Hyundai Motor Co., Ltd. (4.8%)
  • Hyundai Motor Chung Mong-Koo Foundation (4.4%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (1.0%)
  • Norges Bank Investment Management (0.8%)
  • Samsung Asset Management Co., Ltd. (0.5%)

Contact Details

  • Website:
  • Address: 301 Teheran-ro, Gangnam-gu, Seoul, 06152, South Korea
  • Phone: +82.2.6191.9114

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  • Hyundai Glovis Lojistik Dis Ticaret Sanayi ve Ticaret Ltd. Sti
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  • Hyundai Glovis Alabama LLC
  • Hyundai Glovis Russia LLC
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  • Beijing Glovis Warehousing & Transportation Co., Ltd.
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  • Glovis Slovakia SRO
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  • Glovis Europe GmbH
  • GLOVIS America, Inc.
  • Hyundai GLOVIS Co., Ltd. Employee Stock Ownership Association


  • Han Express Co., Ltd.
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Last Updated on 4 Oct, 2022

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